Question

I have a question about stock sales taxes. How do I report sales of stocks from a 1099-B tax form?

Answer

Regarding stock sales taxes, report sales of stock on Form 8949 rather than a 1099-B tax form:

  • Use Part I for stock owned for one year or less
  • Use Part II for stock owned more than one year

Include these:

  • Sale price
  • Sale date
  • Date acquired
  • Original purchase price

After you list all of the transactions, total each column. Then, carry the totals to Schedule D. Follow the instructions for Schedule D. Your losses and gains will be in Column (h) of Lines 1, 2, 3, 8, 9, and 10.

Related Topics

Related Resources

Reporting Disability Insurance Payments On Taxes

Should you report disability insurance payments as income on your taxes? Learn more from the tax experts at H&R Block.

Taxes on Prize Winnings and More!

When you come into surprise money, you have to pay taxes on prize money. Learn more with the tax experts at H&R Block.

What Is My Child’s Gross Income Threshold for Filing Taxes?

Let the experts at H&R Block help you calculate your child’s gross income with these helpful tips.

How do I calculate taxable income?

Finding your taxable income is an important part of filing taxes. Learn how to calculate your taxable income with help from the experts at H&R Block.